Posted on May 18, 2009 by Adam
Markets rallied all day across the board. This is a great development for bulls, especially since we managed to close above the magic number of S&P 900.
I’m still a bit skeptical about this sharp rally today, as the longstanding upward trend in the S&P was broken last week. We still haven’t tested 875 to the [...]
Posted on February 23, 2009 by Adam
I’ve been watching the following pattern develop for a long time now - almost a year. I’m talking about the massive double top that’s been forming in the S&P. This is a pattern that’s been forming since 1997! If we close below support, we will have confirmed this horrible pattern.
Based on the price pattern measuring [...]
Posted on February 19, 2009 by Adam
I’m not superstitious - I promise. But I can’t help but notice something strange that’s going on with the S&P 500. I have noticed something in the charts that has me very interested.
Looking at a point and figure chart of the S&P, we can see that it went on a sell signal last week, which [...]
Be on the lookout for an extended pullback.